New Delhi | March 10th, 2026: Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to NHPEA Summer Holding B.V. (Morgan Stanley) in connection with its exit from Southern Health Foods Private Limited (Company) pursuant to the acquisition of 100% shareholding in the Company by Reliance Consumer Products Limited (RCPL).
The Company is an established player in the healthy foods category, operating under its flagship brand ‘Manna’, with over two decades of brand presence. The transaction marks an exit for all existing shareholders of the Company (including Morgan Stanley).
The acquisition represents a strategic move by RCPL, the FMCG arm of Reliance Industries Limited, to strengthen its presence in the rapidly growing “better-for-you” foods segment, including categories such as health mixes, breakfast cereals, millets, multigrain products, oats and other healthy foods and staples.
The SAM transaction team was led by Nivedita Tiwari; Partner, along with Tweisha Mishra; Senior Associate, with assistance from Anushka Ganguli; Associate. The team received advisory inputs on tax-related aspects from Rajat Bose; Partner, and Neeladri Chakrabarti; Consultant.
Rand Merchant Bank acted as financial advisor to the transaction. PwC acted as tax advisors to Morgan Stanley and the Company. Khaitan & Co. acted as legal counsel to Reliance Consumer Products Limited.